The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Generosity Share Trading Pvt Ltd
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Generosity Share Trading Pvt Ltd, part of the promoter/promoter group of Indian Infotech & Software Ltd, has disclosed the acquisition of 6,25,00,000 equity shares (3.73% of the paid-up capital) through allotment in a Rights Issue on 5 September 2025. Prior to this allotment, the entity held 1,49,07,037 shares (1.18%), and after the acquisition its holding stands at 7,74,07,037 shares (4.62%). The company's paid-up equity capital rose from Rs 126.70 crore to Rs 167.44 crore (face value Rs 1 per share) as a result of this rights issue. The disclosure has been filed with BSE under Regulation 29(1) read with 29(2) of the SEBI Takeover Regulations, 2011.
This is a promoter-group entity increasing its stake via a rights issue rather than open-market buying, signalling promoter confidence in the company. Post-issue, the promoter entity's stake has nearly quadrupled from 1.18% to 4.62%, though it remains well below the 5% creeping acquisition threshold. Retail investors should note the overall promoter group's aggregate holding to assess control implications.